Global Copper Demand to Hit 42.7 Million Tonnes by 2035, Driven by Grids, EVs, Defense, and AI

Amid the rapid global adoption of electric vehicles, grid expansion and upgrades, growth in defense industries, and advancements in artificial intelligence, copper demand continues to rise. Global copper demand is projected to increase from the current 34 million metric tons to 42.7 million metric tons by 2035. The surge in copper demand driven by AI-related sectors primarily stems from expanded power generation capacity, grid modernization, and the substantial use of copper in data center construction.